Revenue Growth
Theratechnologies reported total revenues of $19 million for the fiscal first quarter, representing a 17% growth from the same period last year. The growth was primarily driven by EGRIFTA SV.
New Product Approval
The company received approval for the F8 Formulation of Tesamorelin, which only requires once-weekly reconstitution, a significant improvement over the previous daily requirement.
Increased Patient Enrollment
New enrollments were up 15% in the first quarter compared to last year, indicating strong market demand and effective sales strategies.
Adjusted EBITDA Improvement
The company reported a positive adjusted EBITDA of $2.3 million versus an adjusted EBITDA loss of $247,000 last year.
HIV Business Data Presentation
Data from the PROMISE-U.S. and VAMOS studies were presented, showcasing the efficacy and safety of ibalizumab in reducing HIV to undetectable levels in heavily treatment-experienced patients.